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Bitcoin holders face $600B unrealized losses as BTC price drops to $66K amid weak demand.

Market News
02 Apr 2026
Cointelegraph
View Source
Bearish
pluang ai news

Bitcoin's price has fallen to around $66,450, a 47% drop from its all-time high of $126,000 in October 2025, causing holders to face nearly $600 billion in unrealized losses. About 44% of Bitcoin's circulating supply is now underwater, reflecting significant selling pressure and weak demand, especially from US investors. Long-term holders are selling at losses, and global investment products are seeing net outflows, signaling ongoing market distribution and risk-off sentiment. This situation resembles the 2022 bear market, where a major redistribution of coins was needed before recovery, suggesting Bitcoin may need further price adjustments before a sustainable bull market can form.

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